Insight into Bestinfond (Trades, Portfolio)'s Latest Portfolio Adjustments and Key Financial Moves
Bestinfond (Trades, Portfolio), under the stewardship of Francisco Garcia Parames (Trades, Portfolio) until September 2014, has been known for its strategic investment choices, focusing primarily on European equities. The fund, which boasts a historical annual return of 17.9% from January 1993 to June 2009, continues to seek out well-managed companies with sustainable competitive advantages, purchasing stakes when prices are attractively below their intrinsic values. This approach has been applied consistently in their global equity investments, which can comprise up to 100% of the portfolio.
Summary of New Buys
During the second quarter of 2024, Bestinfond (Trades, Portfolio) expanded its portfolio by adding 11 new stocks. Noteworthy new acquisitions include:
- Barclays PLC (LSE:BARC, Financial) with 12,797,170 shares, making up 2.8% of the portfolio, valued at £31 million.
- Elevance Health Inc (ELV, Financial), holding 61,477 shares, which represent about 2.75% of the portfolio, with a total value of $30.52 million.
- Expedia Group Inc (EXPE, Financial), comprising 205,561 shares or 2.14% of the portfolio, valued at $23.72 million.
Key Position Increases
Bestinfond (Trades, Portfolio) also strategically increased its stakes in 14 stocks, with significant boosts in:
- BP PLC (LSE:BP., Financial), adding 2,150,642 shares for a total of 3,624,919 shares, marking a 145.88% increase in share count and impacting the portfolio by 1.07%, valued at £20.03 million.
- Shell PLC (LSE:SHEL, Financial), with an additional 292,899 shares, bringing the total to 1,583,663 shares, a 22.69% increase, valued at £44.88 million.
Summary of Sold Out Positions
In a significant portfolio adjustment, Bestinfond (Trades, Portfolio) exited positions in eight companies, including:
- BNP Paribas (XPAR:BNP, Financial), selling all 568,573 shares, which had a -3.37% impact on the portfolio.
- International Flavors & Fragrances Inc (IFF, Financial), liquidating all 324,807 shares, resulting in a -2.29% portfolio impact.
Key Position Reductions
Reductions were made in 16 stocks, with the most notable being:
- Samsung Electronics Co Ltd (XKRX:005930, Financial), reduced by 571,797 shares, a -68.82% decrease, impacting the portfolio by -2.95%. The stock traded at an average price of â‚©79,098.3 during the quarter.
- Stellantis NV (MIL:STLAM, Financial), reduced by 404,159 shares, a -32.07% reduction, impacting the portfolio by -0.81%. The stock traded at an average price of €21.41 during the quarter.
Portfolio Overview
As of the second quarter of 2024, Bestinfond (Trades, Portfolio)'s portfolio included 49 stocks. The top holdings were 4.29% in Berkshire Hathaway Inc (BRK.B, Financial), 4.04% in Shell PLC (LSE:SHEL, Financial), 3.99% in Heineken NV (XAMS:HEIA, Financial), 3.99% in Holcim Ltd (XSWX:HOLN, Financial), and 3.84% in Koninklijke Philips NV (XAMS:PHIA, Financial). The investments span across 11 industries, reflecting a diverse yet focused investment strategy.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
